Appointment Blogs | Compliance Week – Page 263
-
Blog
FinCEN Proposes AML Regulations for Investment Advisers
The Treasury Department’s Financial Crimes Enforcement Network is proposing a rule that would require investment advisers to establish anti-money laundering programs, file Currency Transaction Reports, and report suspicious activity. While the Bank Secrecy Act does not expressly include “investment adviser” among its list of entities defined as a financial institution, ...
-
Blog
Gleaning Enforcement Insights From Accounting Missteps
A confession from Compliance Week columnist Robert Herz: He spends time each summer reading Accounting & Auditing Enforcement Releases the SEC publishes as part of its enforcement against corporate misconduct. This week, Herz looks over the various AAERs of the last 12 months to pluck out common themes: more enforcement ...
-
Blog
Court Upholds SEC's 'Pay to Play' Rule
The SEC’s 2010 “pay to play” rule , which places limitations on investment advisers whose political contributions could lead to government work, has survived an attempt by Republican groups to brand the requirements as unconstitutional. A recent court decision set aside First Amendment issues and focused on how the ...
-
Blog
iSpoke Too Soon: Apple CEO in Reg FD Flap
Image: That pesky Regulation Fair Disclosure has ensnared yet another high-profile CEO. This time, it’s Apple’s Tim Cook (left) who could come under SEC scrutiny for over-sharing company information. Pundits on Tuesday were questioning whether the Commission could sanction Cook for e-mailing CNBC host Jim Cramer about sales in China. ...
-
Blog
AOL CCO Joins Panasonic North America as General Counsel
Panasonic North America, a subsidiary of Japan-based Panasonic, has named Damien Atkins as general counsel and corporate secretary. He is the company's chief legal advisor and is responsible for providing Panasonic and its North American affiliates with legal and regulatory compliance services. More inside.
-
Blog
AMAG Pharmaceuticals Appoints General Counsel and Secretary
AMAG Pharmaceuticals has appointed Joseph Vittiglio as general counsel and secretary. In this position, Vittiglio will oversee all legal affairs of the company. More inside.
-
Blog
OncoSec Names Chief Legal and Compliance Officer
OncoSec Medical, a biopharmaceutical company, has promoted Sheela Mohan-Peterson to chief legal and compliance officer, effective Aug. 24. In this role, Mohan-Peterson will advise the company's officers and board of directors on all major legal matters and continue to lead the company's intellectual property portfolio and global legal strategy. More ...
-
Blog
Preparing for the Economic Risks That Come Next
Image: As Wall Street teeters and totters decidedly downward, and the prospect of recession seems much closer now than it did a week ago, compliance and audit executives everywhere should pause to think: What caused today’s disruptions? How is tomorrow’s economic climate likely to affect you? Inside, editor Matt Kelly ...
-
Blog
PetroBras Denies Potential FCPA Settlement
Image: Last week PetroBras said in an SEC filing that it is not working with U.S. regulators to end the long list of corruption charges leveled against the company. That statement is merely the latest in a long list of unusual events in the compliance spectacle that PetroBras has become, ...
-
Blog
Insurers Brace for International Capital Standards
The International Association of Insurance Supervisors seeks to impose new capital standards upon systemically important insurance companies, echoing mandates from the Basel Committee on Banking Supervision. The effort has irked the Financial Services Roundtable, which is urging U.S. regulators to oppose it. Who enforces any new standards is also unclear. ...
-
Blog
More Compliance Shop Talk Coming Soon
Compliance and audit executives looking to kick back with your peers and debate the finer points of enterprise risk management, rest easy—Compliance Week is holding another of our executive roundtables soon, this time in Orlando on Sept. 15, on that very point. If you would like to attend, e-mail Editor ...
-
Blog
Report Shows Global Enforcement of Foreign Bribery Still Weak
Transparency International released its 11th annual OECD progress report last week. TI found that of the 41 countries that have agreed to make foreign bribery a crime for which individuals and enterprises are responsible, there is active enforcement in only four countries and little or no enforcement in 20 countries.
-
Blog
SEC Files Rare Subpoena Enforcement Action Over Failure to Testify
The SEC is understandably loath to file subpoena enforcement actions. Such actions are basically a waste of time and resources, and involve getting a court to order people to do what they are already required to do. Sometimes, however, the SEC has no choice but to wield the "stick" of ...
-
Blog
Logentries Launches Free Logging for Docker Community
Logentries, a provider of scalable, real-time log management and analytics, announced the launched of a free log management and analytics service available exclusively for the Docker Community. As a Docker Technology Partner, Logentries' newest offering will ease the transition many organizations are facing as they migrate to container environments. More ...
-
Blog
PwC Appoints Assurance Diversity Leader
Laura Martinez has been appointed assurance (audit) diversity leader at PwC, United States, the firm announced. Martinez has 25 years of experience, primarily with financial services clients and has held a variety of practice leadership roles. More inside.
-
Blog
Hearsay Social Launches Social Business Maturity Model
Hearsay Social, provider of the Predictive Social Suite for financial advisors and insurance agents, announced the launch of its Social Business Maturity Model to help guide program development and advancement for financial services firms. The Social Business Maturity Model provides a quantitative metric for companies with large distribution teams to ...
-
Blog
First Business Financial Services Names Chief Accounting Officer
First Business Financial Services, a bank holding company, has appointed Michael Murphy as chief accounting officer and principal accounting officer effective Sept. 14. Murphy brings to First Business more than 12 years of public accounting and financial services experience with several commercial banking and accounting firms, including KPMG, Banco Popular ...
-
Blog
SEC Action Suggests Focus on Valuations, Experts Say
A new study from valuation firm NERA Consulting suggests that the SEC is renewing its interest in pursuing valuation-related accounting issues. The findings are based on an enforcement action against Miller Energy Resources and certain officers for inflating oil property values. “Reporting entities are well advised to make full disclosures ...
-
Blog
Leucadia National Appoints Controller and Chief Accounting Officer
Leucadia National, a diversified holding company, has appointed John Dalton as controller and chief accounting officer, effective Sept. 15. He succeeds Barbara Lowenthal.
-
Blog
Few OECD Member Countries Make Good on Anti-Bribery Pledge
Many of the member countries to the OECD’s Anti-Bribery Convention are not doing enough to prevent bribery and corruption, according to a new report from Transparency International. Twenty-two of the 41 signatory countries have “failed to investigate or prosecute any foreign bribery case during the last four years,” TI said. ...